Newgioco Group, Inc. (OTCMKTS:EMGL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02

On May 31, 2019, Newgioco Group, Inc. (the “Company”) terminated Elizabeth J. MacLean as its Chief Financial Officer and Chief Compliance Officer, effective immediately. Michele Ciavarella, the Company’s Chief Executive Officer, will serve as the Interim Chief Financial Officer (and the Company’s principal financial officer and principal accounting officer), until a permanent replacement is engaged by the Company.

On June 2, 2019, the Company received the resignations of Harold M. Wolkin, Chairman of the Board of Directors and the Audit Committee and a member of the Compensation and Nominating and Governance Committees, Russel McMeekin, Chairman of the Compensation Committee and a member of the Audit and Nominating and Governance Committees and William P. Rutsey, Chairman of the Nominating and Governance Committee and a member of the Audit and Compensation Committees, as directors of the Company, which resignations were effective immediately. A copy of the resignation letter setting forth the resignations and the stated reasons therefor is attached as Exhibit 17.1 to this Current Report on Form 8-K.

The Company believes the resignations are the result of a disagreement between the directors and Mr. Ciavarella regarding the operations and future direction of the Company and does not agree with the statements made in the resignation letter.

This Current Report on Form 8-K supersedes the Current Report on Form 8-K filed by the Company on May 31, 2019, which stated that Mr. Wolkin notified the Company that he was not standing for re-election to the Company’s Board of Directors upon the expiration of his term at the Company’s 2019 Annual Meeting of Stockholders.

(d) Exhibits.

The following exhibits are filed with this Current Report on Form 8-K:

17.1	Resignation letter, dated June 1, 2019.

Newgioco Group, Inc. Exhibit
EX-17.1 3 exhibit_17-1.htm RESIGNATION LETTER,…
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About Newgioco Group, Inc. (OTCMKTS:EMGL)

Newgioco Group, Inc., formerly Empire Global Corp. is a licensed gaming operator. The Company offers Web-based and land-based gaming services in Italy. The Company’s product offering includes a range of online and offline lottery and casino gaming, as well as sports betting and online poker. The Company’s Website and shops offer gaming line-up, including sports betting, online casino, poker, bingo, skilled and interactive games, virtual sports and horse racing. Its sports betting offer both pre-live and live in-game betting opportunities for a range of sports. Its online casino offers casino games, live casino, poker, bingo and interactive skilled games. The Company offers poker games, such as Texas Hold’em and Omaha in both cash and tournament format. The Company has approximately 1,070 Web-based betting shops, over three corner and approximately two agency locations operating under its license.